Breaking News: Asia
Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Images India’s Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New […]
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Asia markets mostly fall as investors assess Nvidia results, Adani charges
CNBC Pro: HSBC names 3 ‘underappreciated’ Asian stocks to watch in 2025 — giving one 63% upside potential Asian markets will look “very different” in 2025 in light of China’s new policy measures, the slowing Indian economy and Southeast Asian countries’ investments into new infrastructure, according to HSBC. Still, several stocks can “benefit from these […]
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Billionaire Gautam Adani charged in New York with massive fraud
Chairperson of Indian conglomerate Adani Group, Gautam Adani addresses a gathering during the inaugural session of Vibrant Gujarat Global Summit 2024 in Gandhinagar on January 10, 2024. Punit Paranjpe | AFP | Getty Images Gautam Adani, the chair of India’s Adani Group conglometerate and one of the world’s richest people, has been indicted in New […]
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Japan exports rise more than expected in October, rebounding from 43-month low
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Japan’s exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise […]
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China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
The People’s Bank of China (PBOC) building in Beijing on Dec. 15, 2022. Bloomberg | Getty Images China’s central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People’s Bank of China said it would keep the 1-year loan prime rate at 3.1%, and […]
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Asia markets open mostly higher as investors assess Japan trade data, await China lending rates
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images Asia-Pacific markets opened mostly higher Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Investors assessed October trade data out of Japan. Export growth came in at 3.1% year […]
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China’s top financial officials set to speak at Hong Kong summit
GUANGZHOU, CHINA – APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Ken Ishii | Getty Images News | Getty Images Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global […]
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Samsung shares climb more than 7% after surprise $7 billion buyback plan
A Samsung Group flag flutters in front of the company’s Seocho building in Seoul. Sopa Images | Lightrocket | Getty Images Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 […]
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Asia markets poised to open mixed as investors await China LPR, Japan inflation data this week
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific stocks were set to open mixed Monday as markets kickstart what ING calls a “quiet” week for economic data from the region. Key data this week from the region will include China’s loan […]
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Alibaba shares rise 3% in premarket after Chinese tech giant posts 58% jump in profit
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, citing an acceleration in growth in its cloud business unit. Net income came in 43.9 billion Chinese yuan ($6.07 billion), compared with a LSEG outlook of 25.83 billion yuan. Revenue reached 236.5 […]
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